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[English Market Research Report] Cryptocurrency Payment Apps Market

Cryptocurrency Payment Apps Market

According to a new study conducted by Grand View Research, Inc., the global cryptocurrency payment app market is expected to grow at a CAGR of 16.6% from 2022 to 2030, reaching USD 2.15 billion by 2030. The increasing adoption of blockchain technology is anticipated to drive market growth. The fact that cryptocurrency payment app providers are focusing on offering enhanced payment solutions is also a positive sign for market growth. Services that combine Bitcoin with traditional bank-based payments are expanding, providing flexibility to cryptocurrency users. For example, in June 2022, the cryptocurrency exchange Coincoinx launched a service called Coinpago, which allows customers to make payments in Venezuela without converting cryptocurrency to fiat. Coinpago is expected to enable customers to shop at any merchant or store within the country.

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